I’m still recovering from last night’s CHAMPIONSHIP TENNIS MATCH against my wife and kids. I feel like someone stuffed me into a burlap bag and then proceeded to hit me with copper pipes. Clearly I have some work to do in the field of championship tennis and I must condition myself to be able to defeat the family without any repercussions.
Markets are higher and gold is leading the way, mainly because Buffett stepped in to buy GOLD. Gold is higher by more than 2%, silver 5% — and yet the 10yr is down 3bps to 0.67%. Pay attention very closely. ETH and BTC are jumping too. The “fuck the dollar” trade has commenced and if you glances at Seattle and Portland — you’d wonder why the dollar has any value at all.
There is no better long term conviction trade for me than ETH.
At the same time, the rally has narrowed, considerably. Sure, small caps have led the way the past 3-4 months — but looking at the 50% breadth now — it is clear to be some people are getting kicked into sewers.
I had to book three losses today and still have several more on the block.
(BIGC -5.1%)
(SPCE -6%)
(BLNK -7%)
It has not been an accommodative tape. Let’s be clear. The tape has become much more difficult to trade and the momentum isn’t spilling over to then next session, which makes intra-day trading way more attractive.
I opened up three new position, all running hot intra-day, 1 crypto related. Look at OSTK. Can you believe it?
On we go.
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OSTK is unreal
Shaving all my initial invested money off on ETH at $441. Looking to buy back in at lower price.
Otherwise, any continuous run up will be house money.
The only reason you won the tennis match is because Antifa Fly was in a foul mood and took care of the overhead smashes while you ran scared.
Also, it wasn’t cool to give your wife the badminton racquet and tell her it’s the same one Serena Williams uses.